The dollar regained traction and returned above cloud top, boosted by better than expected US data.
Fresh bullish acceleration posts new highs (the highest in one month) and on track for the third consecutive close above daily cloud top which would boost bullish signal for test of immediate target at 113.81 (Fibo 76.4% of 114.73/110.83 descend) and possible extension towards key short-term barrier at 114.73 (06 Nov peak).
Fed’s verdict tomorrow is expected to further boost the greenback on hawkish post-rate decision comments.
Res: 113.81; 114.27; 114.45; 114.73
Sup: 113.51; 113.25; 113.06; 112.83
